Which one of the following statements is TRUE about a cooperative orientation in supplier relationships?
A) It cannot be implemented in Western countries because competitive bidding is more effective in that culture.
B) It cannot be implemented in the Western countries because it always benefits the supplier.
C) It requires all parts and subassemblies to be purchased from the same supplier.
D) It requires few suppliers for each item or service.
D
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The "due on sale clause" requires
A) the buyer to pay the entire amount due at closing. B) the seller to pay all of the buyer's points at closing. C) repayment of the balance on the home loan when the property changes hands. D) the seller to pay all property taxes that have become due between the last tax assessment and the sale of the home.
Which of the following alternatives reflect the proper order of preparing components of the master budget?
1. Financial budget 2. Operating budget 3. Capital expenditures budget A) 1, 3, 2 B) 2, 3, 1 C) 1, 2, 3 D) 3, 1, 2